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Business Economy

Kolkata, Aug 07 (UNI) Birla Corporation Limited today reported a June quarter EBITDA of Rs 252 crore, which represents a drop of 37% from last year amid severe disruptions in key markets and manufacturing centres due to the Covid-19 pandemic.
The operations of the Company’s plants stood suspended for nearly the entire month of April. Sales during this period were also negligible. Though things started to move in May, it was only in the latter half of the month that operations normalised. With production across most plants gaining steam only in the first week of May, around seven of 13 weeks were available during the quarter. However, local lockdowns and restrictions continued to hobble operations, a company statement issued here said.
Although it took longer than expected to restart operations, all teams mobilised for rapid ramp-up to deliver a high run-rate in the latter part of May and June. This partially compensated for the loss of volumes and earnings in the six weeks of the quarter, although sporadic disruptions in isolated pockets in core markets continued.
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Shoolini University declared 3rd in the country in filing patents

25 Sep 2020 | 10:17 PM

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25 Sep 2020 | 10:16 PM

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Lee Pharma develops new herbal formula for Psoriasis treatment

25 Sep 2020 | 9:53 PM

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From usual to unique: Ease Your Life provided all services during COVID times

From usual to unique: Ease Your Life provided all services during COVID times

25 Sep 2020 | 8:54 PM

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